Saab Family Foundation

Organization Overview

Saab Family Foundation is located in Lowell, MA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saab Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Saab Family Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Saab Family Foundation has awarded 373 individual grants totaling $2,149,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS IN THE LOWELL, MA AND SALEM, NH AREAS THAT PROVIDE ASSISTANCE TO LOW-INCOME INDIVIDUALS, YOUTH AND HOMELESS INDIVIDUALS.


HIGH SCHOOL AND COLLEGE SCHOLARSHIPS FOR DESERVING LOCAL YOUTH OF LIMITED ECONOMIC MEANS.


PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS IN THE LOWELL, MA AND SALEM, NH AREAS THAT PROVIDE ASSISTANCE TO INDIVIDUALS IMPACTED BY THE PANDEMIC.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $35,132
Dividends & Interest $503,718
Net Rental Income$0
Net Gain on Sale of Assets $484,029
Capital Gain Net Income $484,029
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,022,879

Grants Awarded

Over the last fiscal year, Saab Family Foundation has awarded $869,623 in support to 144 organizations.

Grant RecipientAmount

HABITAT FOR HUMANITY OF GREATER LOWELL INC

PURPOSE: GENERAL OPERATIONS - CRITICAL HOME REPAIRS FOR SENIORS

$25,000

D'YOUVILLE LIFE & WELLNESS COMMUNITY

Org PageRecipient Profile

Lowell, MA

PURPOSE: GENERAL OPERATIONS

$25,000

LOWELL GENERAL HOSPITAL

Org PageRecipient Profile

Lowell, MA

PURPOSE: GENERAL OPERATIONS - PANDEMIC RELIEF

$25,000

TRANSITION HOUSE INC

Org PageRecipient Profile

Cambridge, MA

PURPOSE: GENERAL OPERATIONS

$25,000

NASHUA CHILDREN'S HOME

PURPOSE: GENERAL OPERATIONS - PANDEMIC RELIEF

$25,000

HOUSING FAMILIES INC

Org PageRecipient Profile

Malden, MA

PURPOSE: GENERAL OPERATIONS

$25,000
View Grant Profile

Create an account to unlock the data you need.

or